Lake Street Advisors Group LLC Has $500,000 Holdings in Norfolk Southern Co. (NYSE:NSC)

Lake Street Advisors Group LLC trimmed its holdings in Norfolk Southern Co. (NYSE:NSC) by 6.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,129 shares of the railroad operator’s stock after selling 136 shares during the period. Lake Street Advisors Group LLC’s holdings in Norfolk Southern were worth $500,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Highline Wealth Partners LLC acquired a new position in Norfolk Southern in the 3rd quarter valued at $25,000. Financial Life Planners acquired a new stake in shares of Norfolk Southern during the 4th quarter worth $27,000. Keystone Financial Group Inc. acquired a new stake in shares of Norfolk Southern during the 4th quarter worth $27,000. Bank of Jackson Hole Trust bought a new position in shares of Norfolk Southern in the fourth quarter worth $27,000. Finally, Morse Asset Management Inc bought a new stake in Norfolk Southern during the third quarter worth about $30,000. 75.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on NSC shares. Benchmark restated a “buy” rating and set a $285.00 price objective on shares of Norfolk Southern in a research report on Thursday, January 30th. Robert W. Baird upped their price objective on Norfolk Southern from $260.00 to $270.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Stephens raised their price objective on Norfolk Southern from $260.00 to $275.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Loop Capital cut shares of Norfolk Southern from a “buy” rating to a “hold” rating and dropped their target price for the stock from $289.00 to $256.00 in a report on Monday, February 3rd. Finally, Barclays lifted their price target on shares of Norfolk Southern from $290.00 to $305.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Norfolk Southern has a consensus rating of “Moderate Buy” and a consensus price target of $276.11.

Norfolk Southern Stock Up 0.0 %

Shares of NSC opened at $242.14 on Friday. The company has a market capitalization of $54.83 billion, a PE ratio of 20.95, a PEG ratio of 2.31 and a beta of 1.35. The stock’s 50-day moving average price is $245.83 and its two-hundred day moving average price is $250.71. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 1.16. Norfolk Southern Co. has a 12 month low of $206.71 and a 12 month high of $277.60.

Norfolk Southern (NYSE:NSC) last announced its earnings results on Wednesday, January 29th. The railroad operator reported $3.04 EPS for the quarter, beating the consensus estimate of $2.97 by $0.07. Norfolk Southern had a return on equity of 20.04% and a net margin of 21.63%. On average, analysts anticipate that Norfolk Southern Co. will post 13 EPS for the current year.

Norfolk Southern Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Friday, February 7th were paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend was Friday, February 7th. Norfolk Southern’s dividend payout ratio is presently 46.71%.

Insider Activity at Norfolk Southern

In related news, Director Sameh Fahmy bought 350 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were bought at an average price of $249.37 per share, for a total transaction of $87,279.50. Following the transaction, the director now directly owns 10,350 shares of the company’s stock, valued at approximately $2,580,979.50. The trade was a 3.50 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gilbert H. Lamphere bought 607 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were bought at an average cost of $259.86 per share, for a total transaction of $157,735.02. Following the completion of the purchase, the director now owns 2,487 shares of the company’s stock, valued at $646,271.82. This represents a 32.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.19% of the stock is owned by company insiders.

Norfolk Southern Company Profile

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, beverages, and canned goods; chemicals consist of sulfur and related chemicals, petroleum products comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, sand, and natural gas liquids; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal.